Renren (RENN) Moves Higher on Board Changes; Shares Show Increased Volatility

May 2, 2012 9:39 AM EDT Send to a Friend
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Renren (NYSE: RENN) shares are rocking higher Wednesday following news it appointed a new director, while a major shareholder left his Audit Committee seat. For more color on the moves, click here.

Shares are up well over 5 percent in early trade. Implied volatility is up 2.7 percent from Tuesday's close and 122 percent better than its historical average.


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Comments

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Gabriel Ozler Berk on May 7, 2012 11:13 AM
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We needed this.

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Lee Evan Tabas on May 7, 2012 11:12 AM
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this was what was needed.


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